220 Freeman AveJersey CityNJ07306
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Jersey City at 220 Freeman Ave, Jersey City, NJ, 07306 with 5% annual appreciation on a $1,649,000 basis while $3,494/mo rent supports operations. 82% in year one. Equity gained on principal adds $10,641/yr, and five-year appreciation sums $455,588 alongside rental yield of 2.54%. Five-year ROI measures 6.99% and total cumulative return in cash totals $37,371. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,494/mo property income versus a $8,071/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07306, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,781 (100%) |
| Owner Occupied HU | 5,055 (17.6%) |
| Renter Occupied HU | 19,877 (69.1%) |
| Vacant Housing Units | 3,849 (13.4%) |
| Median Home Value | $612,577 |
| Average Home Value | $651,621 |
Housing Distribution
Address Breakdown
Residential
24,144
Single Family
9,038
Multi-Family
15,106
Businesses
1,831
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Listed by: NADER REZAI • PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Mls Name: HCMLS
Mls ID: #250023915